MENUISERIE SEPTON STEPHANE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MENUISERIE SEPTON STEPHANE
Largest movements
- Receivables within one year +€69,436
up €69,436 (+50.7%), from €137,056 to €206,492
of which Trade receivables: +€82,744
- Cash +€61,657
up €61,657 (+78.4%), from €78,681 to €140,338
mainly Trade debts (+€86,269) and Debts after one year (+€43,286)
- Trade debts +€86,269
up €86,269 (+56.1%), from €153,757 to €240,026
- Debts after one year +€43,286
up €43,286 (+572%), from €7,570 to €50,856
- Other debts +€10,450
new in 2025: €10,450
- Reserves -€8,500
down €8,500 (-12.5%), from €68,000 to €59,500
- Current portion of long-term debt +€7,444
up €7,444 (+95.8%), from €7,770 to €15,215
- Gross operating margin +€11,517
up €11,517 (+8.2%), from €141,310 to €152,826
- Staff costs +€11,206
up €11,206 (+10.1%), from €111,031 to €122,237
- Other operating charges -€4,820
down €4,820 (-69.0%), from €6,990 to €2,170
- Taxes +€2,275
up €2,275 (+293%), from €777 to €3,051
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,639 | €397,337 | +€136,697 | +52.4% |
| Fixed assets | 21/28 | €35,986 | €38,228 | +€2,242 | +6.2% |
| Tangible fixed assets | 22/27 | €35,986 | €38,228 | +€2,242 | +6.2% |
| Plant, machinery and equipment | 23 | €13,723 | €14,668 | +€945 | +6.9% |
| Furniture and vehicles | 24 | €4,211 | €8,270 | +€4,059 | +96.4% |
| Other tangible fixed assets | 26 | €18,052 | €15,289 | -€2,763 | -15.3% |
| Current assets | 29/58 | €224,653 | €359,109 | +€134,456 | +59.9% |
| Stocks and contracts in progress | 3 | €4,000 | €7,000 | +€3,000 | +75.0% |
| Stocks | 30/36 | €4,000 | €7,000 | +€3,000 | +75.0% |
| Amounts receivable within one year | 40/41 | €137,056 | €206,492 | +€69,436 | +50.7% |
| Trade receivables | 40 | €97,040 | €179,784 | +€82,744 | +85.3% |
| Other amounts receivable | 41 | €40,016 | €26,708 | -€13,308 | -33.3% |
| Cash at bank and in hand | 54/58 | €78,681 | €140,338 | +€61,657 | +78.4% |
| Deferred charges and accrued income | 490/1 | €4,916 | €5,279 | +€363 | +7.4% |
| Total equity and liabilities | 10/49 | €260,639 | €397,337 | +€136,697 | +52.4% |
| Equity | 10/15 | €80,569 | €72,182 | -€8,387 | -10.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €68,000 | €59,500 | -€8,500 | -12.5% |
| Distributable reserves | 133 | €68,000 | €59,500 | -€8,500 | -12.5% |
| Profit (loss) carried forward | 14 | €2,569 | €2,682 | +€113 | +4.4% |
| Amounts payable | 17/49 | €180,070 | €325,155 | +€145,085 | +80.6% |
| Amounts payable after more than one year | 17 | €7,570 | €50,856 | +€43,286 | +572% |
| Financial debts | 170/4 | €7,570 | €50,856 | +€43,286 | +572% |
| Amounts payable within one year | 42/48 | €172,500 | €274,299 | +€101,799 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €7,770 | €15,215 | +€7,444 | +95.8% |
| Trade debts | 44 | €153,757 | €240,026 | +€86,269 | +56.1% |
| Suppliers | 440/4 | €153,757 | €240,026 | +€86,269 | +56.1% |
| Taxes, remuneration and social security | 45 | €10,972 | €8,609 | -€2,364 | -21.5% |
| Taxes | 450/3 | €5,005 | €4,777 | -€227 | -4.5% |
| Remuneration and social security | 454/9 | €5,968 | €3,831 | -€2,136 | -35.8% |
| Other amounts payable | 47/48 | - | €10,450 | +€10,450 | |
| Non-recurring operating income | 76A | €2,651 | €3,412 | +€761 | +28.7% |
| Remuneration, social security and pensions | 62 | €111,031 | €122,237 | +€11,206 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,046 | €14,102 | +€1,056 | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,141 | €1,141 | +€0 | 0.0% |
| Other operating charges | 640/8 | €6,990 | €2,170 | -€4,820 | -69.0% |
| Non-recurring operating charges | 66A | - | €3,412 | +€3,412 | |
| Gross operating margin | 9900 | €141,310 | €152,826 | +€11,517 | +8.2% |
| Operating profit (loss) | 9901 | €9,102 | €9,764 | +€663 | +7.3% |
| Financial income | 75/76B | €2,056 | €569 | -€1,487 | -72.3% |
| Recurring financial income | 75 | €2,056 | €569 | -€1,487 | -72.3% |
| Financial charges | 65/66B | €4,727 | €4,669 | -€58 | -1.2% |
| Recurring financial charges | 65 | €4,727 | €4,669 | -€58 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €6,430 | €5,664 | -€766 | -11.9% |
| Transfer from deferred taxes | 780 | €514 | - | -€514 | |
| Income taxes | 67/77 | €777 | €3,051 | +€2,275 | +293% |
| Profit (loss) for the period | 9904 | €6,167 | €2,613 | -€3,555 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,167 | €2,613 | -€3,555 | -57.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.